The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-10-14

THE AMERICAN BANKERS a,,
Wantthe National Debt Extingulshed-The
.a Surplus Question. q lt' M

| " LIE AsiEltACAN BANhENS n i
Want tho National Debt Extin guished ed-Th,
~ Surplus Question. ~ .}7
PITTSBURGH, PA, Oct. l3.-It was near
ly IL o'clock when ths convention OF The
American Bankers' Association wa,
called to order this morning by Pres,
ldent Murray. There was a noticeable
increase in tho attendance, a large
number Of delegates having arrived
since, the close Of yesterday's session. Al.
ter the usual opening exercises the fol-.
lowing resolutions were offered and 70.
leYred to the Executive Couucll: IA
By Judge Ewing, Of Pennsylvania:
'Res1lred, That we favor rapid extin.
Ruiehmsnt Of the public debt, and there.
1919 recommend the continued purchase,
by the Secretary Of tho Treasury, OF the
outstandlng government bonds. We con.
slider reduction OF the revenues wholly
unnecessary, inexpedient and unwIse,
Let the surplus be promptly and con.
stantly applied to the liz quidation OF the
debt, and let the action OF tho Treasury
In the work Of buying the bonds bo fur
ther regulated, Bystemstised aud con.
t1olled Dy additional liq iquldation." I'M
By,W. p. St, John, Of New York; y
s"Resolpsd, That the exiHtence OF the Ma.
tional banks: is not dependent upon tho
By Mr.. Carlin, OF Nebraska: @
,".Resolred, The Executive Council be and
Ia hereby instructed To prepare bill en-.
bodylng such amend ments TO the Ma.
tinna1 Raukinu ~ 90 ,,,, .oo,.. ..-.L IL
slrable and e1pedient, and tranemlt copy
thereof to each member OF this Associa.
ton, with letter inviting criticisms for
consideration by said Executive Council,
after which the bill shall again be brought
before said Council for consideration and
final adoption, and shall then be present.
ed to Congress and copy OF the same
masled to each member OF the Association.
with request to use their personal In.
auence With the members Of Congress and
United States Senators from their respect.
i've States to secure favorable action.d
"Resolred, The Executive Council be
and is hereby instructed to examine the
banking legislation OF the each State aud
Territory, and endeayor through the local
membera OF this Association to. secure
uniform bank legislation throughout the
country" s-is -ii IE5I T'TG119-. ''T7''
RESOLVED, "rhe Executive Council be
and is hereby authorized to employ such
assistants as may be necessary to secure,
In legitimate manner, the objects con.
templated in the previous reaolutions, and
are hereby empowered to levy from time
TO time upon the man bers Of this Associa.
ton assessments nutlicient to meet the OK.
pense' necessarily increased In carrying
out these instIuctions." ;'ss's.
The nominating committee then pre-.
sented the following: President, Logan
Murray, Of New York; first Vice. Pfesi.
dent, Charles Parsons, st. Louis. Execu.
tive Council: Chairman, John Jay Knox.
New York; General 8. Cox, New York:
Lyman J. Gave. Chicago; Daniel AMMAN,
cumberland, Md; James H. Bouve, Bos.
ton; W. G. Despler, Columbus, O.; E. B.
yordon, Syracuse, N. Y; J. W. Lockwood,
Richmond, Va Augustus q. g Moss,
sandusky, Ohio; NJ. W. Michael,
Philadelphia, Pa. /; W. siSA.a1fi Nash,
New York; J. J.. P. O'Dell, Chicago; W.
8. Rhawn, Philadelphia; Hoel P. Camp,
Milwaukee; Logan II. Roots, Little Rock:
A. Z. End J. 7. Smith, Baltimore, Md;
9. f.. sneed, Henderson, KY; w. E.
schmertz, Pittsburgh !; Edmond Tyler,
Boston !; A. W. Wyman, Omaha; W. P.
st. John, New York. The routine bust
ness having been disposed OF, papers were
read by B. P. Williams, OF Albany Elliott
=. Shepard, of New York Henry M.
Knox, OF Minnesota; H. B. Wilson, OF
Ohio, and Bsriah Wilkins, OF Ohio.
A resolution in support Of the proposi-
ton recommending the passage OF bill
for the reiundlng Of four; per cents into
two and .ons-half per cents caused spirit
ed discussion, about the only during the
seesion. 1t was finally tabled, li7s}
The report Of the Committee on Silver.
which had been offered earlier in tho ses.
sion and withdrawn, was again presented.
It concludes with the Recommendation
that the coinage Of silver dollurs by the
United States be suspended until the
points at Issue in the silver queation be
settled by international agreement. The
report was adopted and the convention
adjourned finally. In the afternoon the
delegates and other guests participated in
a river exursion, 'iP{ ~ s IA G = r.